Meat processor JBS Australia has agreed to acquire ham and bacon producer Primo Group, in a deal worth $1.45bn. The move is in line with the company's strategy to grow its presence in value-added products. Founded in 1985, Primo ...
Smith & Nephew plc has figuratively yanked the job-security bandage off 108 employees at its St. Petersburg, FL, wound-care plant. The company plans to close the factory and lay the workers off by January 9, according to a report in the ...
Tags: Job Cuts, Smith&Nephew, Health
Abraaj Investment Management has secured approval from the Egyptian Financial Supervisory Authority to acquire 51% stake in the nation's confectionery producer Bisco Misr for $119m. The company, which will pay £73.91 per share, will ...
US-based food processing company Archer Daniels Midland (ADM) has completed the previously announced acquisition of natural and organic food producer Specialty Commodities (SCI) for $191m. Specialty Commodities processes and ...
French dairy producer Lactalis International has offered to buy the Egypt-based dairy firm Arab Dairy for LE66 ($9.20) per share. This new offer marks the highest price for share compared to the other potential buyers including Saudi ...
Tags: Arab Dairy, Acquisition Offer, Agriculture
The first Toy & Game Inventors Workshop took place in September, as budding toy creators grasped the opportunity to pitch their ideas to some of the biggest companies in the industry. Billy Langsworthy reviews the event and explains how it ...
Tags: Toy&Game Inventors, Toys
Finnish food company Raisio Group has acquired the Benecol business in the UK, Ireland and Belgium from Cilag, a subsidiary of Johnson & Johnson. Owned by Raisio Group, the Benecol brands' license to sell and market the products was given ...
Canadian buyout firm Onex is said to be leading the bidding for Switzerland-based juice-box maker SIG Combibloc Group. Onex is competing against Swiss private-equity firm Partners Group Holding in the final round. It is being speculated ...
Vinous announced today it has agreed to acquire Stephen Tanzer's International Wine Cellar (IWC). Founded in 1985 by Editor and Publisher Stephen Tanzer, IWC is the oldest independent, American-owned wine journal. Tanzer will join Antonio ...
Danish brewer Carlsberg is planning to merge its Mythos Brewery with Olympic Brewery, in order to expand its market share in Greece. Carlsberg will own 51% of the combined company while the current shareholders of Olympic Brewery will ...
Tags: Market Share, Mythos Brewery, Agriculture
GigOptix Inc of San Jose, CA, USA (a fabless supplier of analog semiconductor and optical communications components for fiber-optic and wireless networks) has appointed Darren Ma as VP & chief financial officer. Ma replaces Curt Sacks, who ...
Tags: fiber-optic, wireless networks, Electronics
Posted in Medical Device Business by Brian Buntz on November 18, 2014 Irvine, CA–based Allergan has been adamant in fighting off a hostile takeover attempt from Valeant Pharmaceuticals International for the past seven months. But ...
Tags: silicone breast, Botox, Health
Integrated solutions provider for the apparel and industrial markets, Gerber Technology has named Karsten Newbury as vice president and general manager, Software Solutions. Gerber said, Newbury’s background leading management teams ...
French dairy major Danone has agreed to invest €437m in Chinese infant formula producer Yashili, in a move to acquire 25% stake. The investment is said to form a part of the company's strategy to expand its footprint in China. ...
Tags: Yashili, Mengniu Dairy, Danone, Agriculture
Golden Peanut Company, a subsidiary of Archer Daniels Midland, has acquired processing facilities and certain assets of pecan processor Harrell Nut Company. The move comes in response to the growing demand for healthier, more ...
Tags: pecans, Golden Peanut, Agriculture